I reworked the axle housing seals on my F504 last year, they were leaking bad. I believe the original gaskets were in place from 1962. I took a different approach to my job due to the facilities and equipment I had available at my father's shop on the farm.
We removed the IPTO housing to access the bull gears and pulled them off. We supported the tractor by a sling with a chain hoist on a trolley and I-Beam. There is also another I-beam perpendicular to the other and used another chain hoist to sling around the wheel. We removed the axle housing, LOADED 13.8x38 tire rim and cast iron wheel as one! Cleaned with brake clean and used Three Bond Sag Type Silicone (Japanese, best you will ever use) to make the gasket. No leaks after a year.
I think you will be good for a long time. Just watch out for the correct police! Just be careful using silicone as a gasket maker. A small amount of silicone or teflon tape breaks off in the hydraulic reservoir and you are about to witness a bad experience.
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